The question many of us Reference and Select owners have/had isn't about the effective way to upgrade. It is solely on the trade in value. Upgrading along MSB lineup was a major factor for some. I know for me it was the deciding factor of going with MSB. Upgrading and retaining 100% purchase price/value towards a higher model allowed me to move up the line.As a long-time MSB fan, and yes, dealer (I was a customer first, dealer later), I'm glad to be working with Daniel and Jonathan @ MSB to provide a reasonable, effective way to upgrade existing owners to Cascade, and as a "side effect", potentially offer Certified Reference and Select DACs at a much lower price point to the market.
With the new policy the move to the Cadence DAC from my Reference would net me basically the same trade in value as my previous Premier. Clearly from a money standpoint you can see loosing ~ $25,000 stings. Also given I upgraded 4 months ago and yes upgrading again was in the plans.
Finally having MSB come out with a product they feel is better for less money is awesome. Kudos to them for this.